TMNLvsBRTRETF Comparison
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T. Rowe Price Long Municipal Income ETF (TMNL) belongs to the Municipal Bonds segment. iShares Total Return Active ETF (BRTR) is part of the US Aggregate Bonds segment. TMNL's top 1 sector exposures are Municipal. In contrast, BRTR's top sector exposures are Sovereign, Industrials and Finance. TMNL is less expensive with a Total Expense Ratio (TER) of 0.26%, versus 0.41% for BRTR. TMNL is down -0.79% year-to-date (YTD) with +$4M in YTD flows. BRTR performs worse with -1.88% YTD performance, and +$348M in YTD flows. Run a side-by-side ETF comparison of TMNL and BRTR below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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TMNL vs BRTR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TMNL BRTR | -0.08%-0.37% | -3.52%-2.16% | -0.79%-1.88% | n/a-1.77% | n/an/a | n/an/a |
| Flows | TMNL BRTR | +$2M+$60M | +$2M+$119M | +$4M+$348M | -+$597M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TMNL BRTR | +5.96%+4.33% | n/a+3.97% | n/an/a | n/an/a |
| Max drawdown | TMNL BRTR | -6.36%-3.54% | n/a-4.97% | n/an/a | n/an/a |
| Max drawdown duration | TMNL BRTR | 92d52d | n/a229d | n/an/a | n/an/a |
Trading data
TMNL | BRTR | |
Last sale 10/16/2026 at 1:30 PM | $48.04 | $48.08 |
| Previous close 10/15/2026 | $48.06 | $48.07 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
TMNL | BRTR | |
|---|---|---|
| Last price | $48.04 | $48.08 |
| 1D performance | -0.06% | +0.02% |
| AuM | $24.00 M | $820.05 M |
| E/R | 0.26% | 0.41% |
Characteristics
TMNL | BRTR | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | T. Rowe Price | iShares |
| Benchmark | - | - |
| N° of holdings | 52 | 6464 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 19, 2025 | December 12, 2023 |
| ESG | No | No |
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Exposure
Countries
TMNL
USA
48.25%
Other
51.75%
BRTR
Data will be available soon
Sectors
TMNL
Municipal
48.25%
Other
51.75%
BRTR
Data will be available soon
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Diversification
TMNL
Total weight of top 15 holdings out of 15
32.75%
BRTR
Data will be available soon
Top 15 holdings
Data as of August 31, 2026
TMNL
US42605KAB26
3.39%
US41423PDY07
3.08%
New York Municipal Water Finance Authority, 5.25% 15jun2055, USD (2026)
3.04%
US914713W996
2.67%
New York Transitional Finance Authority, 5% 1may2051, USD (2026)
2.27%
Chesapeake Bay Bridge And Tunnel District, 5% 1jul2041, USD (2016)
2.26%
Maryland Economic Development Corp., 5.25% 30jun2052, USD (2022B)
2.04%
New York Transportation Development Corp., 6% 30jun2059, USD (2025)
1.89%
US249182LT15
1.84%
Salt Lake City Airport, 5.25% 1jul2053, USD (2023A)
1.83%
US574218T373
1.81%
New York Mortgage Agency, 3.4% 1oct2030, USD
1.78%
North Carolina Turnpike Authority, 4% 1jan2039, USD
1.78%
Virginia Small Business Financing Authority, 5% 31dec2056, USD (2017)
1.63%
US57419TTP65
1.43%
BRTR
Data will be available soon
Frequently asked questions about TMNL and BRTR
How have the TMNL and BRTR ETFs performed in 2026?
As of October 15, 2026, TMNL is down -0.79% year-to-date (YTD), while BRTR has lost -1.88%. That puts TMNL better performer ahead so far this year.
Which ETF is attracting more investor money: TMNL or BRTR?
Year-to-date, the TMNL ETF saw +$4M in flows, compared to +$348M for BRTR.
Which ETF is bigger: TMNL or BRTR?
As of October 15, 2026, TMNL holds $24.00 M in assets under management (AUM), while BRTR manages $820.05 M.
What sectors do the TMNL and BRTR ETFs invest in?
TMNL leans toward sectors like Municipal. Meanwhile, BRTR focuses on Sovereign and Industrials.
What are the top holdings of the TMNL ETF and BRTR ETF?
TMNL top holdings include US42605KAB26, US41423PDY07 and New York Municipal Water Finance Authority, 5.25% 15jun2055, USD (2026). BRTR holds in its top three: US01F0526982, BlackRock Cash Funds - Institutional and USA, Bonds 4.75% 15nov2043, USD.
Which ETF is more diversified: TMNL or BRTR?
TMNL holds 115 securities with 32.75% of its assets in the top 15. BRTR has 9316 securities and a top 15 weight of 41.49%.
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